MortRadarTERMINAL
← National benchmarks

MARKET BENCHMARKS · HMDA PUBLIC DATA

California mortgage market benchmarks

California origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

572,268

+12.4% vs 2024

2024: 509,170

Volume 2025

$344.74B

originated $
2024: $288.36B

Denial rate 2025

17.4%

denied / actioned
2024: 19.5% denied / actioned

Reporting lenders 2025

1,160

HMDA reporters
2024: 1,141 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$500B$1T$1.5T$2T20182019202020212022202320242025$344.74B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%11.8%23.7%2018201920202021202220232024202517.4%

California market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
20251,1601,026,242572,268$344.74B2025 origination volume572,268 loans originated17.4%2025 denial rate1,026,242 applications actioned45.1%54.3%
20241,141927,065509,170$288.36B2024 origination volume509,170 loans originated19.5%2024 denial rate927,065 applications actioned51.2%44.2%
20231,213787,005429,251$230.99B2023 origination volume429,251 loans originated20.1%2023 denial rate787,005 applications actioned57.1%35.2%
20221,2841,407,248798,735$460.32B2022 origination volume798,735 loans originated17.3%2022 denial rate1,407,248 applications actioned43.6%64.4%
20211,2713,027,6201,969,402$1.00T2021 origination volume1,969,402 loans originated11.0%2021 denial rate3,027,620 applications actioned23.9%96.3%
20201,2863,067,3911,962,605$910.95B2020 origination volume1,962,605 loans originated11.3%2020 denial rate3,067,391 applications actioned20.7%93.7%
20191,2561,868,5141,141,499$552.25B2019 origination volume1,141,499 loans originated15.8%2019 denial rate1,868,514 applications actioned34.0%79.6%
20181,2701,485,510845,478$377.51B2018 origination volume845,478 loans originated20.6%2018 denial rate1,485,510 applications actioned45.2%64.0%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

Looking for a specific company? Search lender profiles →